Are any of you MF’s investing in anacostia?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
Because we are allowed to expand on the original post, which was worded as a challenge, and rude at that. The way you post will elicit a certain type of response, PP. If OP really wanted to only talk about Anacostia properties, they would have worded things differently. We are pointing out that investing in Anacostia isn't very smart considering there are other vehicles of investment that have done much better, and without all the risks and costs of being a landlord in DC. |
Anonymous
So many stupid f’ing posts here that don’t understand the advantages of real estate investing. Investing with leverage and vastly reduced risk vs stock market. Not as liquid, but also generates income and tax advantages. For anyone looking to invest in real state, it’s not going to be either financial markets or real estate, it’s about diversification, tax efficiency, estate planning, cash flow, etc. And, if you think you have a leg up on me by putting a mortgage payments worth of cash into your stock picks or an index fund every month, you’re fantasizing. And if you truly think “95%” of real estate are terrible investments - that’s laughable. You realize people buy CDs at low single digits too, right? The anti-real estate crew have a sophomoric understanding of investing. |
Anonymous
I'm a woman. |
Anonymous
| Comparing a home purchase to either the Dow or S&P 500 isn’t a valid comparison. You should compare one home vs. one stock. For every high return investment around here there’s someone who invested in Cleveland or some other area that hasn’t seen as much economic growth. Compare buying a home in Anacostia vs. owning Microsoft or Apple stock, which have appreciated 220% and 270% respectively in the past 5 years. These stock picks are very conservative as well. It’s not like comparing Anacostia real estate investment vs start ups like Nvidia or Tesla. |
Anonymous
You're triggered because you can't persuade a certain tranche of successful people that your way is better - because it's not. You're buying into what so-called experts have told you is the formula to success. Surely it hasn't escaped your notice that financial advisors aren't incredibly wealthy? I'm rich, and I made my money exclusively in the stock market - I purposefully did not diversify. Nothing will ever persuade me into SFH real estate, that most unworthy of headaches. If you do what everyone else is doing, well, you're going to find just as much success as they are. Meaning very little. SFH real estate is a lot of running around for not a lot of money, unless you're wealthy enough to do commercial real estate - and that's not Anacostia either! You know so little about financial investments that you do not know how much you don't know. Have you ever heard this concept? That only the most knowledgeable people can measure how much they don't know? The reverse is that very ignorant people think they know a lot. You fall into the latter category. Knock yourself out, but don't blame anyone but yourself when you realize other people have gotten ahead with less effort. |
Anonymous
|
Why are you dropping f- variants all over the place? Do you think it makes you look cool? Appropriately aggressive? The go-getter who is ahead of the pack? Because it just makes you look stupid. |
Anonymous
I am an owner of a $6B RIA. I know a bit about investing. Sure there are advantages but I see hundreds of portfolios every year and about 95% of the time, their real estate investments do not provide the type of return they expect when you factor in all the costs, upkeep, hassle, lack of liquidity. I would never own a rental property in my life. Not worth it; particularly in DC. Sure it can diversify your portfolio but it's laughable that you think real estate is the end all be all. Also, the vast majority of the 2nd gen (aka those inheriting) do NOT want anything to do with inherited property. Most HNW investors we see want to reduce their real estate exposure prior to retirement or passing. I will take liquidity any day of the week. Oh and re tax benefits...I put over $300k+ a year into a cash balance plan/401k. It saves me over $150k a year in taxes. I like that. |
Anonymous
|
Anacostia is too expensive. The time to buy there was 20 years ago.
Real estate is no longer the investment it used to be. |
Anonymous
No one needed 200K to buy a home in DC in 1985. |
Anonymous
|
I'm "investing" in "Anacostia."
By "investing" I mean I bought a house that I'm going to live in long-term, and by "Anacostia" I mean "EOTR" because for many out of touch yuppies and suburbanites "Anacostia" means anything EOTR. It has paid off greatly so far. In 6 years I've gained nearly $300K in equity from an initial $23K down payment, plus I've got a 20 minute door to door commute to work and a 4br house with an honest to god backyard for the price of a "luxury" studio apartment in the Navy Yard or Columbia Heights. |
Anonymous
| Based on the angry RE vs Stock argument and some of the other posts, I think the “MF” in the title bestowed a vitriolic energy on this thread. |
Anonymous
Pick whatever number you want to start with. That doesn't change the very basic math that real estate involves a loan with significant interest, annual tax payments, annual insurance payments, and upkeep. Stocks, ETFs, and mutual funds are far more efficient and cheap. |
Anonymous
No one’s angry except OP. I was amused at the beginning and now I’m realizing we’re dealing with an unhinged aggressive person. Come to think of it, they’re probably the same person who keeps trying to sink any stock market conversation on other threads. Must have had a bad experience selling low and buying high! 
|
Anonymous
I just plugged the actual numbers from my parents' 1985 AU Park house into the NYT buy vs. rent calculator. $125,000 house, 12.85% mortgage, 20% down payment, using the actual DC real estate and rent growth numbers. The numbers don't lie, in order to come out ahead not buying in 1985 you would have had to find a 3br SFH in AU Park for rent in 1985 for less than $478 per month. Considering that was about half what a mortgage cost back then...good luck. But in case you want to try to prove me wrong, the DC public library lets you search through all the old issues of the Washington Post. Find me a 3br SFH in AU Park for $478 a month and I'll eat my words. Otherwise, for the love of god stop talking nonsense. |
Anonymous
First, you come off as unreasonably angry and aggressive. Second, you keep changing your arguments. From the standpoint of renting or buying for the purpose of housing, the numbers are usually a wash (your analysis avoids taking into account all the costs associated with owning a house). However, that has not been your argument. You have been arguing that real estate, specifically funded by a mortgage, is a better investment than the stock market. That argument doesn't hold water. Rather than make any concession, you get angry and set up a strawman argument. Any who, my 5 year does a better job making a persuasive argument than you do. |